Brightline Interactive, Inc.
BTLN Technology Software Infrastructure
In the quarter to June 2026, revenue fell 72.0%, EPS was flat and free cash flow fell 498.3%, each against the same quarter a year earlier.
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Brightline Interactive, Inc. (BTLN) Altman Z-score
Brightline Interactive, Inc.'s Altman Z-score for fiscal 2026 is −43.99, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | −43.99 | (39.73) |
| FY2025 | −4.26 | 1.85 |
| FY2024 | −6.11 | 0.25 |
| FY2023 | −6.36 | (5.78) |
| FY2022 | −0.58 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.74 | — | 0.89 | |
| Retained earnings / total assets | (22.30) | — | −31.22 | |
| EBIT / total assets | (4.22) | — | −13.94 | |
| Market value of equity / total liabilities | 0.33 | — | 0.20 | |
| Sales / total assets | 0.09 | — | 0.09 | |
| Altman Z-score | Distress zone | −43.99 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −92.31 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| HPAI Helport AI Limited compare | 7.4× |
| CHOW ChowChow Cloud International Holdings Limited compare | 5.6× |
| ALAR Alarum Technologies Ltd. Sponsored ADR compare | 1.0× |
| OLB OLB Group, Inc. compare | −9.6× |
| INTZ Intrusion Inc. compare | −14.7× |
| APCX AppTech Payments Corp. compare | −28.7× |
| BTLN Brightline Interactive, Inc. | −44.0× |
| TGHL The GrowHub Limited compare | −69.3× |
| RKTO Rocket One Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets